SOURCE: The Wall Street Small Cap Reporter

April 15, 2005 07:00 ET

Wall Street Futures Featured Company Mercantile Gold (Pink Sheets: MGCP) to Stake Uranium Claims

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Wall Street Small Cap Reporter.

DALLAS, TX -- (MARKET WIRE) -- April 15, 2005 -- Wall Street Futures, a leading source of news and information for small cap investors, continues its coverage of Mercantile Gold Company (OTC: MGCP) as this week's "stocks to watch" in the mining and mineral space.

MGCP is a mineral exploration and development company that acquires, discovers and develops world-class deposits of gold, silver, and other minerals. As appropriate, the company enters into agreements to sell or joint venture these deposits to major international mining companies.

Yesterday, MGCP announced that its generative exploration program has identified an area of open ground in Nevada likely to contain substantial uranium mineralization, based on analysis of aeromagnetic surveys published by the U.S. Geological Survey. The project area is located between past-producing uranium mines, and the company reports the launch of a major claim-staking program for the area. The company has hired a claim-staking crew specifically tasked with staking at least 60 unpatented mining claims on the federal lands.

According to The World Nuclear Association, global demand for uranium is growing steadily at .5 percent per year, and it is expected to remain at that level for the foreseeable future, with emerging markets driving much of the new consumption. However, reliability of supply is becoming a critical concern for many of the world's leading uranium-consuming countries -- like the United States.

Shares of MGCP closed Thursday at $0.12, flat on the day and currently trading near their 52-week low of $0.07. The stock is up slightly since our last coverage of the company on Tuesday. If successful in its latest venture, MGCP could be poised for incredible growth in the months to come.

Wall Street Futures' is also monitoring these "stocks to watch" in the mining sector: BHP Billiton Limited (NYSE: BHP), ALCOA, Inc. (NYSE: AA), and Phelps Dodge Corporation (NYSE: PD).

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Wall Street Futures is a news service of Wall Street Small Cap Reporter (WSSCR). WSSCR publishes reports providing information on selected companies that it believes have investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements/opinions in this report should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant and has been paid by a third party for the publication and circulation of this report. This report contains forward-looking statements, which involve risks and uncertainties -- including, but not limited to, risks associated with changes in general economic and business conditions (including in the IT and financial information industries), actions of competitors, the extent to which the company is able to develop new services and markets for its services, the time and expense involved in such development activities, level of demand and market acceptance of the company's services, and/or changes in its business strategies -- that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the company featured above or obtain the SEC filings of the company including the company's most recent annual and quarterly reports.

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